Gamestonk Round 2 Incoming

In Partnership with Io.net

The TGE for io.net is coming very soon (potentially this month) and you can still position for the project’s airdrop. IO powers access to 98k verified GPUs to AI/ML engineers and AI startups. And it does this at an extremely competitive price for high end GPUs (see below).

Gamestonk Round 2 Incoming

Roaring Kitty posted an update on Reddit that he has amassed $200mm of notional exposure to GME via options and spot equity. The GME token on SOL has repriced, surging 3x so far since the post, and I’d expect the GME stock to see a strong open tomorrow (especially given DFV’s option exposure expires on June 21st).

Celeb coins have continued to be scams and grifts for the most part, except for MOTHER which recently tapped $90mm market cap. Other celeb coins that haven’t done well include new tokens from celebs Floyd Mayweather and Lindsay Lohan.

BRETT on Base tapped ATH over $1bn today, while other memes like Mumu break ATHs as well. Relative strength for the day was seen in ETH & SOL memes, including:

• DEVIN

• ZACK

• HOPPY

• ELON

• TUZKI

• HAMMY

• NOT

• WBS

From a daily TG trading volume perspective, ETH has been looking very strong and still gaining relative share from both Base & SOL. Interestingly, the last time ETH TG trading volumes took & sustained relative share from SOL was the beginning of the last onchain run up (February into early March).

Here are the most interesting new projects getting smart attention (without tokens):

• Jigsaw

• Moonthat

• OneBalance

• GildedHonor

• Kuzco

• QuilCat

The Future of Restaking Begins 6/17

The ETH ETF approval opens up a larger potential market for liquid restaking. On June 17th, Vector/Kernel will be launching a suite of Karak-native LRTs including ksETH, krETH and kUSD. This will be facilitated via the growing number ecosystem of projects around Kernel (pictured below).

SMART MONEY CORNER - Presented by chainEDGE

• Smart buys today were concentrated into TAO, ELON and new launch FGM, with outflows on PEW, TON, PEPO and TRUMP.

• SOL was relatively quiet, with only major inflows into GME

• No major changes in the top SOL tokens held by smart $ (sorted by balance held). PUPs and nub are back in the top 10, while tremp had the strongest 7d accumulation metric

• On the EVM side, KEYCAT has climbed to #3 by smart dollars held while MAGA & TRUMP lead from a politics tokens point of view. Abnormal accumulation over the past week has been seen primarily in ELON with a 117% jump in smart balances totaling $546k.

MEME OF THE DAY